Seems like even this small red in indices will be bought. But one still working in our favor is that RUT and MID 60 min chart still overbought even though NDX 60 min have started to reset.

Even though NDX is up only on tenth of a percent, the A/D issues is at 1.44 and A/D vol is at 1.76. They moved up with NDX earlier today, but never moved down with NDX. More over these numbers are too high to even imagine NDX going lower.

Oops it tried, but as always gailed me. I am nervous now as short, S&P closed above 1200, which a new 52 week high as well, and NDX also closed at new 52 week high.

Any vote for red close on NDX ?

Mine is in.

NDX has been the weakest index today (RUT, SPX, SOX, IXIC, MID all stronger). Does that predict any thing for future ?

I am staying short for tomorrow. Any decision out there yet.

Not much of volatility after FOMC. RUT, MID, SOX have resumed their slow upward march.

I am short too but in 'numb' range painwise, so more up can not give more pain.

A/D has been creeping up since morning but NDX hasn't climbed that much. This usually indicated more upside to come.

So do we go up or down after FOMC announcement in next 20 - 25 minutes ?

RIMM had some rumor on some patent issue and the whole market got bought.

Every Teeny Weeny dip getting bought.

Whoever pushed NDX away from 1606, thank you for doing that. So according to deal, I will stay 200% short.

Somebody please push it decisively on any one side of 1606.

I am not sure of that is encoraging for bears, for me it means that the rally has become wider, which was till noon restricted to big caps.

OK Here is the deal. If NDX is below 1606 at 3:53 then I will remain short, else I will go long.

Seriously thinking of taking loses on my shorts and going long today at close.

PPI came at .5 (expectation was .1) and Consumer Sentiment came at 95.7 (expectation was 94.5) and market reacted to sentiments more than PPI. There is too much complacency in the market and want to go up on a small teeny weeny +ve news and do not want to budge in a big -ve news.

WellesLamont, excellent chart.

Here is one reason for today's rally. As anticipated, there was a news/rumor which we small suckers were not privy to.


Stocks rallied shortly after reports of the Sprint-Nextel talks, while an earlier spurt of buying was sparked by National Semiconductor's earnings news.

"A lot of times, traders, active money managers, hedge funds, are looking for any excuse to get off dead center and do something. The Sprint news, as small as it was, might have been the catalyst," said Hugh Johnson, chief investment officer at First Albany Corp.

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh03116_2004-12-09_21-49-46_n09...

I am pissed off too as you said after looking at 4% profit, ended with a 1% loss.

But I haven't seen you acting emotionally. Whatever it is do not loose your cool. This is not good.

I do not see any clear direction, but NDX moved faster than normal (this is what I infered after cursary glance). For whatever it worth, I am staying short at close.

Well at 3:30 NAMO is -26.32 (approx).

NAMO is at -27 at present and has not changed much in last hour even though NDX is in happy mood. A/D is hovering about 0.70. This setting of A/D less than .75 and NDX +by more than +.65% is very rare and has happened only about 20 times since 1985.

As somebody said on this board that indices are being bought to prop up the market. It is very evident in this data

Today A=1166 D=1929 NDX=0.12
Dec 6 A=1389 D=1756 NDX=0.32
Dec 3 A=1458 D=1649 NDX=0.08

This kind of stuff happens, but not as frequent, as it has been in last few days, something which we I do n ot understand very well is going on.

I can live with that explaination.

1600 in NDX, 1180 in SPX, 2100 in COMPQ is being defended at all costs.

NAMO was -50 at one point with A/D issues at .3. At present NAMO is at -27 and A/D is at 0.73.

Last couple weeks has shown that NDX simply refuses to go down. There is some big money supporting it, I simply do not understand it, what kind of money is supporting it. Is it retirement money, or money coming out of bonds, or it is money which was laying on sideline.

Anybody got trimtab's money flow into NDX number ?

No doubt about that (I am short).

We may hear the actual cause (news) of this moonshot after markets close. Let's put this theory for a test.

Whatever we saw was a major victory for bulls for short term atleast, I may still stay short at close.

What tools (ETF, Pro/Rydex funds etc) can I consider for Pharmas ?

Thanks.

Is it a good time to buy MRK & PFE for long term (6m+ - 2 Yr)? I put 10% of my portfolio in long term. I recently sold AMCC,NOK,VRTS,SEBL for about 10% profit (which is about 1% profit for overall account).

Any other such good deal for long term ?

TSM http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh89279_2004-12-09_09-33-14_tp1...

Not a warning, but close to one.

ALTR also warns. Altera said it now expects sales to fall 9 percent to 12 percent from the third quarter, compared to an earlier target of a 1 percent to 5 percent decline. It also said inventories, both at the company and distributors, will rise higher than its forecasts and to the high end of a "normal" range.

I am always frsutrated by how we always see the action in market followed by the news. Somebody please tell me that it is not a news leak. Big brothers do get their news early inspite of SEC rules and regulation.

Market was up bigtime on the day when INTC updated AH. Yesterday market was down and TXN said there are inventory issues AH. We wondered whole day why it was down.

Now read this news [external] Altera, Xilinx downgraded aheadd d of midquarter updates Wed 4:06pm - at CBS MarketWatch. And then Xilinx warns.

This keeps happening each and every day in some form or the other.

Its XLNX warning.

Any idea what's causing it ?

Oops typo, it is 1.25 not 1.5, still it is a big jump.

Edit: A/D went from near 1 to 1.25 (Corrected) in last 3 - 4 minutes. This action typically helps longs next day. Well my money is in shorts. Duh. I hate when this happens.

Today's SIRI voulume will screw up volume related averages/ oscillators for a few weeks.

I calculate it.

<<< your money looks to be increasing on that bet qqq. >>>

I have forgotten what "increasing" means. I am still under water YTD. But I am sure with what I learned this year, I will be much better off next year.